- Commercial airlines have seen a resurgence of air travel demand this year following two years of COVID restrictions that kept most people close to home, but many airlines found themselves overwhelmed by the crush of travelers and capped ticket availability
- Yakima, Washington based CubCrafters Inc. designs, builds, and tests unique light aircraft for those who want to fly themselves
- The company’s array of aircraft are inspired by the classic Piper PA-18 Super Cub and include a variety of the company’s own Cub-derivative, newly manufactured designs
- The light and ultralight aircraft market is expected to grow by the end of the decade from annual revenues of $7.5 billion to $11.9 billion at a CAGR of 5.9 percent between 2022 and 2030
When the movie “Top Gun” debuted in 1986, scores of Americans felt inspired to take up flying as a recreational pursuit. With the unveiling of the explosively popular sequel this summer, enthusiasts are seeing a new wave of newcomers to airborne travel (https://ibn.fm/GAeyR).
The ability to crisscross the country in a personal plane is an attainable dream for Americans who love the adventure of seeing life from the air and have the discipline to do the necessary training and budgeting to get off the ground.
And after two and a half years of pandemic-related restrictions, summer commercial air travel for recreation surged this year as a result of renewed demand for long-distance vacations. Delta, American, United, JetBlue Airways, Spirit Airlines and Alaska Airlines each capped ticket availability after initially biting off more they could chew this year and having to cancel or delay a large number of flights to accommodate staffing schedules (https://ibn.fm/DKDGa).
Yakima, Wash.-based Cub Crafters (stylized as CubCrafters) has spent decades appealing to those who want to fly themselves by designing, building, testing, and selling best-of-class backcountry airplanes modeled on the classic Piper PA-18 Super Cub light aircraft, and the company’s own Cub-derivative newly manufactured designs. CubCrafters offers various different models of aircraft that fit under FAA Certified (Part 23), Light Sport Aircraft (“LSA”), and Experimental Amateur Built (E/A-B) classifications.
CubCrafters sells finished aircraft as well as aircraft kits for experimental plane enthusiasts who enjoy the hands-on, DIY emotion of assembling things themselves.
The company focuses on five main product lines — the Carbon Cub SS LSA, Carbon Cub FX EAB, Carbon Cub EX kit, the FAA certified XCub, and the classic Top Cub. The company first certified the CC18 Top Cub in 2004 based on the classic Piper design. More than a decade later, in 2016, the completely modern CC19 XCub was FAA certified and introduced by the company with higher performance and stronger structure than similar aircraft, able to fly farther, faster, and carry more with a useful load is as high as 1,084 pounds.
The quality and nimble performance exhibited by the original Carbon Cub made it the best-selling LSA of all time in the United States, according to the company. The clean sheet design, computer-aided and using 21st century materials that are lightweight and extremely strong, has put more than 1,000 Carbon Cubs in the air.
Analysts at ResearchandMarkets.com are forecasting strong tailwinds for the light and ultralight aircraft manufacture market. They see the market’s current value as $7.5 billion with expectations for growth to $11.9 billion by the end of the decade, at a CAGR of 5.9 percent from 2022 to 2030 (https://ibn.fm/20rUy).
“Engaging our customers has been hugely important,” CubCrafters’ President and CEO Patrick Horgan stated two years ago when the company drew attention for introducing a Cub with a nose wheel design instead of the usual tailwheel (https://ibn.fm/6PsrC).
“We went into this process not entirely sure if the market wanted to accept a nosewheel-type personal adventure Cub,” Horgan stated at the time. “(But) we’ve had people wanting to place deposits for this aircraft from day one. Our customers have made it very clear that they want us to build this airplane.”
That same year, CubCrafters also recorded a landmark event when it shipped its first new European Aviation Safety Agency-certified CC19 XCub to Europe for a customer who wanted to use it as a working tool for business travel across England, Wales, Scotland and Ireland, “enabling very efficient access to often remote parts of the islands” (https://ibn.fm/U3Djx).
For more information, visit the company’s website at www.CubCrafters.com.
NOTE TO INVESTORS: The latest news and updates relating to Cub Crafters Inc. are available in the company’s newsroom at https://ibn.fm/CUB
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